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ARTICLE · 21 APRIL 2015

Global Data & Privacy Update - 16 April 2015

Clyde & Co
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The European Commission (EC) has announced this week that it is to take legal action against Germany over safety failings in connection with the suicide crash of Germanwings Flight 4U9525 into the French Alps in March.

GlobalPrivacy
Margaret Tofalides
Margaret Tofalides
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US and UK regulators impose new cyber security standards

The New York State Department of Financial Services (NYDFS) has committed this week to "strengthening cyber security standards for banks' third-party vendors" in the wake of a report highlighting deficiencies in US banks' oversight of suppliers' cyber security. The NYDFS has expressed the significance of cyber security and changes are due to be implemented in a matter of weeks. The UK's Financial Conduct Authority has also announced its focus on cyber security and will issue new guidelines to coincide with the EU Payment Services Directive which is currently undergoing final negotiations.

Europe force Germany to change privacy laws after Germanwings disaster

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